What does calibration refer to in the context of predictive modeling?
Complete SAS Programming Guide - Learn SAS and Become a Data Ninja - Decile Calibration Plot

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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
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How can a model's predicted probability be greater than 0.5 for someone who should not receive a loan?
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3.
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What does the area under the curve score measure in the context of model performance?
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4.
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What is the purpose of a calibration graph?
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5.
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Describe the process of creating a decile calibration plot.
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6.
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What are the key components included in the output data set for the mean predicted probability?
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7.
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How can one improve both discrimination and calibration in predictive modeling?
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